Richmond Biz Sense reports on April 3, 2014 the following news for the Richmond housing Market, particularly Hanover County:
Developers plan two new residential developments in Hanover County that will encompass more than 150 homes.
Hanover Land Investors LLC, led by developer Henry Shield, is planning to build 48 detached, single-family houses and 73 single-family townhouses on a 22-acre property near the intersection of Pole Green Road and Bell Creek Road in Mechanicsville. . . . .
An attorney for the developer said plans include commercial development for the adjacent three acres. Andrew Condlin, with the firm Roth Doner Jackson, said the space could be used house something like a pharmacy and a 10,000-square-foot shopping center.
The property is located across Pole Green Road from the Shoppes at Bell Creek. Shield developed the Shoppes at Bell Creek and the adjacent housing subdivision.
The project could go before the county planning commission as early as April 17. Condlin said the proposed development, which has met some resistance from local residents, fits in with the county’s views for growth in its comprehensive plan.
“Hanover County has designated areas in the county for development and this is one of them,” Condlin said.
A few miles away, Hanky LLC is gearing up to build a 17-acre development off Adams Farm Road near Lowe’s on Mechanicsville Turnpike. The county recently approved the project, which calls for 49 single-family houses, developer Mike Hanky said.
Hanky LLC plans to build 49 houses on Adams Farm Road near Lowe’s in Mechanicsville.
The new development, which could be named Adams Farm, is located near the Travellers Run subdivision. The Hanover County Board of Supervisors has approved the development.
Hanky said he and his brother plan to develop the property — previously a working farm — and install infrastructure. After that, they expect to sell the lots to builders, he said. They’ll likely start “pushing dirt” in late summer or early fall.
Original Source: Here (link broken)
Good News for Richmond Housing Market
This is good news for the Richmond Virginia housing market. Some home builders are returning to the market.
While I don’t buy new construction houses, I rejoice that new construction is happening.
At the price points in those new subdivisions, it suggests a growing job base that can support mortgage payments for houses that size.
What type of houses I buy
I buy houses fast from sellers with handyman specials, everywhere in the Richmond housing market.
If your house is a handyman special, I’d be happy to make a cash offer on your as-is house.